Exit Strategy/Comparables
Exit Strategy and Comparables
Local comparables are almost impossible to find - this is the first resort of its type in the area.
In nearby Punta Del Este property ranges from $2000 to $4000 USD/sqm and this is growing. Starting at just $1290 USD sqm these villas offer tremendous value.
Comparables are also available in the neighbouring hotspot of Natal, Brazil.
Resort Lago Azul Sugar Loaf
Country Natal, Brazil Uruguay
Type Natal Villa Vila Yvy
Size 120sqm 202sqm
Price $230,880 $259,900
$/SQM $1924 $1290
When looking at this comparable it is also worth noting the massive supply of villas and apartments in Brazil, compared to the undersupply in Uruguay.
Exit Strategy
The exit strategy for Sugar Loaf Ocean Club & Spa is very clear. The main target resale market exists already and consists of Uruguayans, Argentineans and Brazilians.
On top of this, there is a growing demand for property from other International investors, Americans and Spaniards in particular. This is proven by the fact that the first 10 Villas on this development have already been sold to North Americans.
With the property market in Uruguay gaining more and more momentum and attention, not only are prices are expected to rise considerably over the next few years but also the target market for resale is set to grow exponentially. For investors who wish to buy off plan and sell on completion, there will be strong appeal from those that are keen to move into a completed home. For those who wish to hold the property for longer and benefit from a fantastic rental income, the prospects for capital growth are outstanding.
